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MAN: Increment in power price’ll shrink economy

Nigerian economy will bear the brunt of the recently announced hike in electricity tariff, the Manufacturers Association of Nigeria (MAN) has said. The association, in a position paper released yesterday, said the increment would automatically lead to a reduction in capacity utilisation for manufacturers, thus a further decline in Gross Domestic Product (GDP) and large-scale […]

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PHEDC workers threaten to disrupt power supply in South-South

Electricity workers under the Port Harcourt Electricity Distribution Company (PHEDC) covering Rivers, Akwa Ibom, Bayelsa and Cross River States have threatened to down tool and cause total blackout in those states if the management of the distribution company refused to look into their demand for improved condition of service. The aggrieved workers, while picketing the […]

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FEC approves N8.64bn for Siemens’ power project

Presidency: Why Nigeria can’t back out of Azura-Edo IPP The Federal Executive Council (FEC) has approved the release of N8.64 billion for the counterpart funding of the power deal with Siemens AG contract signed by the Nigerian and German governments last year. Briefing newsmen after the 10th virtual Council meeting chaired by President Muhammadu Buhari […]

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